Funding arb · Price arb /

IBM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%

Price spread now: Extended against Variational Omni+0.016%7-day average −0.023% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.314%−$31 · spread now +0.016%, 7d avg −0.023%

Together, before fees−0.270%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.038% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IBM	231.81	0	get 0.0000% / 8h	7h 55m	$256K	$13K	—
Short	Extended IBM-USD	231.84	0	get 0.0000% / 1h	55m 25s	$53K	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ExtendedbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.023%: $3.82
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1.18
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 44 min ago; Extended: live order book, 42 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 44 min ago	5.04 bp	doesn't fit	69.2 bp −$692	doesn't fit	doesn't fit
Sell Extended live order book, 42 min ago	1.94 bp	15.8 bp −$16	129.6 bp −$1,296	doesn't fit	doesn't fit

IBM on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IBM-USDT	−0.0021%	8h	231.94	+0.057%	$47K	$60K	20x	as long as short
Aster IBMUSDT	0.0000%	8h	232.02	+0.093%	$13K	$127K	20x	as long as short
Extended IBM-USDshort	0.0000%	1h	231.84	+0.016%	$53K	$311K	10x
Binance IBMUSDT	0.0000%	8h	231.90	+0.040%	$3.8M	$5.5M	20x	as long as short
Bybit IBMUSDT	0.0000%	8h	231.91	+0.045%	$1.0M	$352K	50x	as long as short
OKX IBM-USDT-SWAP	0.0000%	8h	231.85	+0.019%	$1.4M	$1.2M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.97	+0.070%	$743K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.85	+0.019%	$779K	$332K	20x	as long as short
Variational Omni IBMlong	0.0000%	8h	231.81	long leg	$256K	$13K	—
SunX IBM-USDT	0.0000%	8h	232.02	+0.092%	$1K	$457K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX IBM-USDT	0.0000%	8h	232.43	+0.269%	$6K	$33K	20x	as long as short
tradeXYZ xyz:IBM	+0.0002%	1h	231.89	+0.036%	$1.8M	$803K	10x	as long as short
GRVT IBM_USDT_Perp	+0.0019%	8h	232.03	+0.095%	$631	$168K	10x	as long as short
Lighter IBM	+0.0032%	1h	231.91	+0.045%	$38K	$45K	10x	as long as short
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.268%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0036%	1h	231.87	+0.027%	$1.2M	$2.1M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.70	−0.046%	—	—	25x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.91	+0.045%	$195K	$58K	20x	as long as short